iRobot (IRBT) investor relations material

Executive summary

• Q3 2025 revenue was $145.8M, down 24.6–25% year-over-year, driven by market headwinds, production delays, and shipping disruptions.

• Net loss for Q3 2025 was $21.5M, with a GAAP net loss per share of $0.62, compared to $0.21 per share in Q3 2024.

• Cash and cash equivalents fell to $24.8M as of September 27, 2025, with no additional capital sources available.

• The company launched a major new suite of floor cleaning robots in 2025, with new products accounting for 63% of YTD revenue.

• Strategic review process is ongoing, with potential for business model or ownership changes.

Financial highlights

• Q3 2025 revenue: $145.8M (down 24.6% YoY); nine months: $375.0M (down 26.5% YoY).

• Q3 2025 net loss: $21.5M; nine months: $131.6M.

• Q3 2025 gross profit: $45.3M (gross margin 31.0%); non-GAAP gross margin: 31.2%.

• Q3 2025 operating loss: $17.7M; GAAP operating margin: -12.1%; non-GAAP operating margin: -6.8%.

• Cash and cash equivalents at September 27, 2025: $24.8M, down from $40.6M at June 28, 2025.

Outlook and guidance

• Management expresses substantial doubt about the ability to continue as a going concern due to liquidity constraints and debt covenant deadlines.

• Absent further lender waivers, default under the Credit Agreement is expected on December 1, 2025, which could lead to bankruptcy.

• The company is seeking additional capital and exploring strategic alternatives, but a transaction outside of bankruptcy is considered unlikely.

• Forward-looking statements caution on profitability, capital requirements, and the impact of the strategic review.